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  • 1.  Peak Earning Years

    Posted 12-11-2023 13:20

    Hello,

    I've been asked to verify the peak earning years for a nurse. Do any of you ever use this website for this purpose? https://www.bls.gov/webapps/legacy/cpswktab3.htm

    Or do you have another suggested source?

    Thank you!

    les



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    Leslie Lloyd, RhD, CRC, ABVE/D, IPEC
    rehab@lloydvocational.org
    Carbondale,IL
    Lloyd Vocational Services
    ------------------------------


  • 2.  RE: Peak Earning Years

    Posted 12-11-2023 14:14

    To be more clear.... I do not have access to this particular nurse's wages - W2's, tax statements, Social Security statements. etc. I've been asked to determine if the person is 'past their peak earning years,' as part of my assessment. 

    Thanks!



    ------------------------------
    Leslie Lloyd, RhD, CRC, ABVE/D, IPEC
    rehab@lloydvocational.org
    Carbondale,IL
    Lloyd Vocational Services
    ------------------------------



  • 3.  RE: Peak Earning Years

    Posted 12-11-2023 14:42

    Leslie: I have had many RN's to evaluate. However, "peak" earnings may be a lawyers  tricky question. Ask why the term peak?

     

    An economist who has done presentations over many years did a study and publication in the Journal of Forensic Economics (1986), It is called the "Age-Earning Cycle". Dr. Everett Dillman, PhD from El Paso, Tx. He is 91 and still practicing !

     

    Dillman found that most works earn the most up to age 60 then experience a small decline until retirement. It is an old study but perhaps has some useful considerations.

     

    I consider issues such as:

    1. At 60 most worker have demonstrated the career they liked or had the most tenure at. Rarely do people go to college at 60+ for advanced degrees. Mostly we see wage growth annually, be it inflation factors or wage increases to reward more experience and or loyalty.
    2. At 60, most of us who reproduced (ya, kids!) they are often out of the home, maybe college or whatever, paid for and motivation to earn more declines. It did for me.
    3. Hopefully, your Mortgage is paid off.  The Old French work literally comes from "Dead Pledge", mort meaning death in French, "gage" being pledge. Lovely thought!  Mortgage is often the most expensive thing we obligate so if it is retired, perhaps your mojo is reduced.  Why run so fast?
    4. Some folks at 60, esp. in physically demanding work, slow down and may not do the overtime or long work hours in the 20-50's. Nurses now work 12-hour shifts commonly. Try standing or walking most of 12 hours as one ages.
    5. OK, Nurses.... I would focus on. what he/she worked in, clinic? Hospital? Traveling Nurse? Admin.? And total years of experience coupled with education. AA as RN vs. BSN vs. MSN.
    6. I asked a nurse in the ER, just last week, how the nurses were compensated at a large Seattle trauma center. It is UNION and they add more for advanced education and experience.  You may want to call the regional Nurses Union. Then, compare to published wages on the BLS.

     

    John F. Berg

    Happy Holidays

    Seattle, WA






  • 4.  RE: Peak Earning Years

    Posted 12-11-2023 15:07
    Thank you so much, John! As usual, your experience and wisdom are invaluable!

    Happy holidays!






  • 5.  RE: Peak Earning Years

    Posted 12-11-2023 22:47

    If the case has to do with loss of earning capacity, remember that loss has to do with loss of opportunity to work/earn. What an average incumbent in an occupation earns or number of hours worked at X age may be interesting. It may or may not be less than what an incumbent "peak age " earns, but is that not influenced by choice, need, interest. Given any of myriad variables might any incumbent electing or not needing to work more suddenly actuate skills/abilities/experience and markedly increase hours/earnings. Does injury/limitations diminish such opportunity. This is not WC, AWW baloney. If this is all about loss of opportunity to earn, I don't care about the question of peak earnings years. Even had individual not been working at DOI, she likely had EC which is what she could have maximally earned. Loss of opportunity has economic value. 



    ------------------------------
    Scott T. Stipe, MA, CRC, CDMS, IPEC, D/ABVE
    Certified Rehabilitation Counselor
    Board Certified Vocational Expert
    Scott Stipe & Associates, Inc.
    DBA Career Directions Northwest
    4110 SE Hawthorne Blvd
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